HONG KONG MONETARY AUTHORITY

    Securities / Derivatives

    CSRC Grants QFI Custodian Licence to BNP Paribas

    By Editors | 04/08/2021

    The licence will allow BNP Paribas to work with foreign institutional investors to facilitate their access to China’s equities and bond markets.

    Market Infrastructure

    Family Offices Should Start Behaving Like Regulated Entities

    By Marie Gervacio | 30/07/2021

    Family offices should be reviewing their governance and risk management frameworks in light of the Archegos collapse, says Marie Gervacio.

    Market Infrastructure

    HKMA Updates Guidance on Bank Remuneration Systems

    By Manesh Samtani | 30/07/2021

    Banks are expected to review their remuneration systems and adopt all necessary changes by 1 January 2022, the HKMA says.

    AML / KYC

    HKMA Issues Guide for Regtech Adoption in Customer Monitoring

    By Manesh Samtani | 27/07/2021

    The Guide will help banks assess whether they have the appropriate governance, controls, skills, infrastructure and underlying data to adopt Regtech solutions in ongoing monitoring of customers.

    Fintech / Regtech

    HKMA Launches Commercial Data Interchange Innovation Hub

    By Editors | 23/07/2021

    The Hub will further facilitate the development and adoption of the CDI by helping to match potential data providers and data users.

    AML / KYC

    HKMA Targets Effectiveness in Addressing AML, Fraud risk

    By Manesh Samtani | 22/07/2021

    HKMA Executive Director Carmen Chu highlights the need for transformation and collaboration to combat new AML and fraud challenges in the digital era.

    Capital / Liquidity

    HKMA Revises Policy Manual on Bank Group Supervision

    By Editors | 21/07/2021

    The SPM module was revised to reflect the current supervisory approach and practices adopted by the HKMA and to incorporate international standards.

    ESG / Sustainability

    HKMA Issues Draft Guideline for Banks on Climate Risk Management

    By Manesh Samtani | 21/07/2021

    The guideline includes expectations on governance, strategy, risk management and disclosure. The HKMA plans to allow a 12-month period for implementation.

    Securities / Derivatives

    HKMA Publishes Criteria for PE Funds Seeking Tax Concession

    By Editors | 18/07/2021

    A fund should have operating expenditure incurred in Hong Kong for the provision of investment management services amounting to at least HK$2mn.

    HKMA Announces Final Extension for Trade Loan Deferrals

    By Manesh Samtani | 16/07/2021

    Corporate customers can further extend their trade facilities for another 90 days until the end of October, when the scheme will expire.

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